Microsoft’s (MSFT) revenue dropped 17% in the second quarter, and worse, sales dropped in all five of the firm’s operating units. The recession and the decline in PC sales are to blame…
IBM (NYSE: IBM) is getting deeper into the race in virtualization. The company is entering what was a fast growth and now suddenly crowded space along with the clear virtualization leader VMware…
The good news for Sun Microsystems, Inc. (NASDAQ: JAVA) shareholders is that the vote for the Oracle Corporation (NASDAQ: ORCL) buyout is still set for this week. The bad news is that…
Goldman Sachs is out with some key calls in technology sector today. While some calls are positive, our take on this is more of a cautious stance due to the broad nature…
Reuters: Smart investors are starting to cherry- pick stocks. Reuters: California may agree on a budget to stop using IOUs. Reuters: Some stock funds are still making up for lost ground. Reuters: The…
Reuters: GM will accept product liability on cars it has built in the past. Reuters: Obama could consider a second stimulus if necessary. Reuters: Rising office availability in NYC is slowing. Reuters: …
Software is supposed to be a high margin business and hardware a sector in which most companies struggle with gross margins. Hardware components are expensive and there is almost no getting around…
Short sellers jumped out of major financial shares but piled into the stocks for major industrial firms based on data as of June 15. Shorts clearly think the restructuring of the bank…
Reuters: The head of a Congressional watchdog committee is pushing for a consumer protection agency. Reuters: China defended its export policies against a WTO complaint. Reuters: Citigroup (C) intends to raise the…
Markets in Asia were higher. The Nikkei was up .4% to 9,590. The Hang Seng rose 2% to 17,871. The Shanghai Composite was up 1% to 2,922. At the open in Europe,…
Larry Ellison and friends over at Oracle Corp. (NASDAQ: ORCL) just reported earnings. The enterprise software giant posted $0.46 EPS EPS and $6.9 billion in revenues. Thomson Reuters had estimates pegged at…
Reuters: Airlines are cutting back on first class seating. Reuters: Xstrata wants merger talks with mining rival Anglo American. Reuters: Employers are cutting 401 (K) plans. Reuters: Brand loyalty is being hurt by…
Reuters: A survey shows the global stimulus spending lacks direction. Reuters: The race for “green” cars is still wide open. Reuters: GM (GM) and Chrysler will face Senate scrutiny are dealer closings.…
Word is out that the Dow Jones Indexes team is set to release the name of the replacement for General Motors (NYSE: GM) in the Dow Jones Industrial Average. We have heard…
The sharp rally in technology stocks over the past two weeks has pushed short sellers out of the market. The short interest in Microsoft (MFST) fell 29% in the period ending May…
